Hold BHEL, target Rs 120: Vijay Chopra

Vijay Chopra of enochventures.com told CNBC-TV18, "I think that BHEL has recently touched a bottom of about Rs 87 and from there it has bounced back very sharply. My sense is that it is surely heading towards Rs 120. It is going to take some time. So I think that it is a good case to hold on to, Rs 120 is the target I would recommend."

At 15:15 hrs Bharat Heavy Electricals was quoting at Rs 95.45, up Rs 1.50, or 1.60 percent.

The share touched its 52-week high Rs 121.77 and 52-week low Rs 80.94 on 25 April, 2017 and 11 August, 2017, respectively.

Currently, it is trading 21.61 percent below its 52-week high and 17.93 percent above its 52-week low.